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Cheers Dude - you're right. Historic market cap valuations are much more meaningful. People buy in to these penny stocks looking at past share price and get giddy that it could go back to those levels (well the naive ones do anyway) JLP will get taken out by a big player before they allow it to become too expensive. We may only get to 10-15 before we get snapped up. That happened to Alkane at 35p as they cold have gone way beyond that if left to run it's course. Great for those who bought in the low 20's but not if you bought in the mid 30's-40's
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